Infosys senior IT department said on Wednesday it would purchase assets and employees aboard Carter Digital, an Australian experience design agency.
“This asset takeover strengthens Infosys’ overall design and experience offering, demonstrates its continued commitment to bring innovative thinking, talent and creativity to its clients, and provides effective global digital solutions. “Infosys said in a regulatory file.
Carter brings to Infosys, experts in human-centered design, experiential and enhanced digital transformation, expertise in customer interaction, and will also cement WONGDOODY (a brand of Infosys) in the Australasian market, said. he adds.
This is an asset purchase and the transaction is expected to close in the fourth quarter of fiscal 2021, subject to customary closing conditions.
Along with Infosys’ earlier acquisition of WONGDOODY which offers creative and marketing services, Carter brings complementary capabilities to help CMOs and global businesses thrive in a digital commerce world.
As part of Infosys’ overall design and experience offering, Carter Digital will be rebranded as WONGDOODY and will join its network of studios in Seattle, Los Angeles, New York, Providence, Houston and London, as well as design centers in five Indian cities, says the depot.
“Australia is a strategic market for Infosys and the company has experienced strong and consistent growth serving renowned clients in a range of industries ranging from telecommunications and financial services to utilities and the public sector,” said Infosys Senior Vice President and Regional Director for Australia and New Zealand Andrew Groth said.
He added that as the digital experience becomes a critical differentiator in most business transformations, the addition of Carter’s capabilities reaffirms Infosys’ commitment to helping customers navigate their digital priorities with an offering. complete from start to finish.
The file also noted that on the basis of the recommendations of the nomination and remuneration committee, the board of directors of Infosys approved the granting of annual restricted share units (RSU) with a value of 3, ₹ 25 crore to Infosys CEO and Managing Director Salil Parekh.
“RSUs are issued under the 2015 Stock Incentive Compensation Plan (“ the 2015 Plan ”). The date of grant of these RSUs is February 1, 2021 ”, he added.
RSUs would vest over a three-year period and the exercise price of RSUs would be the par value of the shares. The value of each RSU will correspond to the closing price of the share on the National Stock Exchange on the grant date.
The board of Infosys also approved the grant of annual Restricted Share Units (RSUs) worth ₹ 1.75 crore to a key executive officer (KMP), in accordance with the terms of his appointment.
PSUs are issued under the 2015 plan and the grant date of such PSUs is February 1, 2021. PSUs would vest over a four-year period and the exercise price of PSUs will be equal to the face value of the PSUs. shares, the deposit told me.
In addition, Punita Kumar – Sinha, independent director of Infosys, retired on January 13, 2021 (closed office hours) at the end of her term.